Apartments for Rent in Albuquerque, NM

Prices and availability in Albuquerque, NM were last updated on 25 May 2026.

The best apartments in Albuquerque, NM are: Arterra, Acacia Gardens, Altezza High Desert, Broadstone Towne Center and The Pearl at Spring Creek.

The average rent in Albuquerque, NM is $1,366.

The price range for a studio apartment in Albuquerque, NM is between $559 and $2,790.

The price range for a 1-bedroom apartment in Albuquerque, NM is between $640 and $4,815.

The price range for a 2-bedroom apartment in Albuquerque, NM is between $645 and $5,746.

The price range for a 3-bedroom apartment in Albuquerque, NM is between $925 and $8,616.

In Albuquerque, 38% of the residents are renting compared to 62% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Albuquerque's rentals, 55% are small-scale complexes with under 50 units, and 25% are single-family rentals.

The average age of rental buildings in Albuquerque is 35 years old, with 27% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 97% are garden-style apartment communities, 3% are mid-sized buildings, and 0.5% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Albuquerque come in a range of sizes and floorplans. Studio apartments represent 9% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 42% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in Albuquerque. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.